Delegation of a Chinese energy sector company shows interest for investment in energy sector

Lahore : Delegation of a Chinese energy sector company headed by Chinese Consul General Long Dingbin called on Punjab Chief Minister Muhammad Shehbaz Sharif here today and bared interest for investment in energy specifically transmission sector.

Welcoming the investment by Chinese companies, the Chief Minister said that Pakistan specially Punjab has provided a conducive environment for investors and Chinese company is encouraged for further investment for which every desired facility will be provided to them.

He said that Pakistan and China cherish a strong bond of friendship which has survived through the entire thick and thins also CPEC is an incredible gift of Chinese President to Pakistan which has opened the new gates of investment here. Chinese President visited Pakistan in April 2015 and signed historical projects worth 46 billion dollars with Pakistan for which practical execution was commenced without wasting any time, he expressed, amongst them some of the projects have reached their climax and some are near their completion.

He proudly said that CPEC and other development projects are reshaping the history as being self-explanatory precedents of transparency and high speed. He said that grand vision of One Belt One Road will bring peace and prosperity in the region through economic stability. Sahiwal Coal Power Project of 1320 MW which was supposed to be completed by December 2017 will now be disposed by May/June 2017, six months earlier than the stipulated time, he added.

The Chief Minister said that undoubtedly this is an implausible achievement as there is no such example of completing development projects with such speed in Pakistan. He said that Pak-China economic cooperation under CPEC would be strengthened more through such investments and it will open up new opportunities for business and employment. Head of Chinese Company at this occasion said that they are looking forward to promote cooperation in energy specially transmission sector.